Jim Simons

Jim Simons

Last Update: 2014-05-19

Number of Stocks: 2794
Number of New Stocks: 484

Total Value: $41,694 Mil
Q/Q Turnover: 29%

Countries: USA DEU CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Jim Simons' s Profile & Performance

Profile

In 1982, Simons founded Renaissance Technologies Corporation, a private investment firm based in New York with over $20 billion under management; Simons is still at the helm, as CEO, of what is now one of the world's most successful hedge funds.

Investing Philosophy

For over two decades, Simons' Renaissance Technologies' hedge funds, which trade in markets around the world, have employed complex mathematical models to analyze and execute trades, many of them automated. Renaissance uses computer-based models to predict price changes in easily-traded financial instruments. These models are based on analyzing as much data as can be gathered, then looking for non-random movements to make predictions.

"The advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke."

Total Holding History

Performance of Medallion Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20103015.0614.9

Top Ranked Articles

Sycamore Networks: A Lottery Ticket That Pays You
What if you paid $1 for a lottery ticket, but if you didn’t win over the next two years, you could turn that ticket back in for $1.08? Read more...
5 Stocks That Dropped the Most Since Gurus Bought Them
Value investors are primarily interested in the price of a security, though they need to do additional research to determine whether a cheap stock is a good investment. GuruFocus’ Guru Bargains screener shows the Guru stocks that have declined the most since they were purchased. The screener serves as a jumping-off point to get investing ideas for further analysis. Some stocks whose prices have nosedived may be quality companies facing a temporary setback, and others may be value traps in permanent decline. Read more...
Jim Simons: Mathematics, Common Sense, and Good Luck: My Life and Careers
Jim Simons gave a speech in MIT: Read more...
Sears Makeover Relevant to Online Shoppers
With a finger on the pulse of today’s shopper, Guru Edward Lampert has a gift for making retailers relevant to the ever-changing consumer. His retail re-visioning of Sears and Kmart is starting to pay off. Sears Holdings Corporation’s online businesses for Sears and Kmart grew 20% in the second quarter of 2013, year-over-year. Lampert’s brainchild, the Sears ‘Shop Your Way’ membership program, generated more than 65% of the revenues at Sears Domestic and Kmart during the second quarter, compared to around 55% in the same quarter a year ago. But despite e-commerce growth, Sears Holdings reported an operating loss of $51 million in the second quarter of 2013, after a loss of $103 million in the second quarter of 2012. Read more...
Insider Buys at 52-Week Highs
Several companies have reported group insider buying or pricey singular insider buying as their companies near or hit their 52-week highs. The following three companies have reported these insider buys throughout the month of July. Watching group insider buying (especially at high prices) is important because it can signify a collective faith in the stability and potential for additional growth in a company. It can also be beneficial to note insider buys with large transaction amounts because insiders typically will not invest their money into a company if they know they are going to lose it. [b] Read more...
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Commentaries and Stories

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Alcoa Has Doubled in 12 Months!
In this article, let's take a look at Alcoa Inc. (AA), a $20 billion market cap, which is one of the world's largest producers of primary aluminum as well as one of the world's largest suppliers of alumina, an intermediate raw material used to make aluminum products for a variety of end-markets. More...

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McDonald´s Has an Impressive ROE
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of McDonald´s Corp. (MCD), the world´s largest chain of fast food restaurants.. More...

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Ross Stores Is Down 23% From Its High And Is Now A Bargain Diamond Hill Capital,Jim Simons - Ross Stores Is Down 23% From Its High And Is Now A Bargain
Ross Stores (ROST) is the latest result from my defensive screen setup on GuruFocus. It is currently the only stock that resulted through the screen. The previous result was PetSmart (PETM) at the beginning of May when the stock was trading at $66.85. The stock soon dropped to a low of $55 on May 27, but has since rebounded after activist positions were disclosed by Jana Partners (9.9% of outstanding shares) and Longview Asset Management (9.0% of outstanding shares). The stock is now trading at $70.10. More...

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Top Three Holdings with Promising Outlook
Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into America First Investment Advisor. More...

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The Two Marijuana Stocks Held By Gurus Jim Simons - The Two Marijuana Stocks Held By Gurus
The legal sale of marijuana in Washington State is going to bring a second wave of marijuana stock hype. The issue is that many of these companies are trading OTC where there are less filing requirements and accurate information can be difficult to find. Whenever there is a hyped-up product, there will magically be a surge in companies that have names similar to the product. They seem to merely be setup for pump and dumps. The stocks might get halted at some point in time by the SEC, but it is the investor that gets hurt, not the promoters. The promoters have likely made their money already, and the investors are stuck with a worthless stock. I have seen it all too often at a previous position as a stock broker. More...

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PRAA: Still a Place for Debt Recovery
As the American economy recovers, we might ask if there will be enough defaulted loans for the debt recovery business to maintain its momentum, and in particular, for Portfolio Recovery Associates Inc. (PRAA) to continue growing. More...

VALUE, LONG, PORTFOLIO RECOVERY ASSOCIATES, FINANCIAL, DEBT RECOVERY


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Credit Acceptance Corporation: Could “No Credit, No Problem” Produce Capital Gains? Jim Simons - Credit Acceptance Corporation: Could “No Credit, No Problem” Produce Capital Gains?
No doubt you’ve seen them too, those auto dealer ads that promise everyone qualifies for credit, that you can drive home the car of your choice today, even if you have a credit rating number you can count on your fingers. More...

UNDERVALUED PREDICTABLE, LONG, FINANCIAL, CREDIT, AUTO


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Interpublic Group: Few Reasons to Be Long
In this article, let's take a look at Interpublic Group of Companies Inc. (IPG), this global advertising holding company, which has experienced a share price uptrend since April. Moreover, this Zacks Rank #2 (Buy) stock has solid fundamentals that may drive the stock upward in the future. More...

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Mario Gabelli Adds to Two Over the Past Week Mario Gabelli,Jim Simons - Mario Gabelli Adds To Two Over The Past Week
According to the GuruFocus Real Time Picks Mario Gabelli (Trades, Portfolio) added to two of his holdings over the past week. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. Gabelli is known for his large portfolio and strong track record of value investing. The stocks Gabelli has been toying with this week are Griffin Land & Nurseries (GRIF) and Magnetek (MAG). More...

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Three Stocks with Something in Common
Wilbur L. Ross, Jr. is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. In 2011, Forbes magazine listed Ross as one of the world's billionaires with a net worth of $1.9 billion. More...

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Omega Protein: Can You Swallow the Volatility?
Omega Protein Corporation (OME) came to my attention through a Peter Lynch screen done at GuruFocus on May 29, 2014. Lynch looked for a major gap between a company’s earnings line (based on 15X earnings) and the stock price, which OME exhibits. The screen also shows an EBITDA 10-year growth rate of 26%, and a P/E ratio of 8.7, other important criteria for this guru. More...

PETER LYNCH, VALUE, LONG, FOOD & BEVERAGE


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Morning Coffee: Real-Time Picks Mario Gabelli,Jim Simons - Morning Coffee: Real-Time Picks
This morning we are going to take a look at Real-Time Picks from the gurus: More...

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Jim Simons' 5 Largest New Buys Topped by Apple Jim Simons - Jim Simons' 5 Largest New Buys Topped By Apple
Jim Simons (Trades, Portfolio) founded Renaissance Technologies, a hedge fund with about $15 billion in assets under management that executes many of its trades using mathematical and computer-based models that are often automated. It has a massive long portfolio containing 2,794 stocks, with a value of $41.7 billion. In the first quarter, the firm added 484 new stocks. Topping the list was a significant new stake in Apple (AAPL), followed by Comcast Corp (CMCSA), Vodafone Group PLC (VOD), Tesla Motors Inc. (TSLA) and eBay (EBAY). More...

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GuruFocus Guru of the 2013 Carl Icahn's Top First Quarter Holdings Carl Icahn,Jim Simons - GuruFocus Guru Of The 2013 Carl Icahn's Top First Quarter Holdings
GuruFocus’ Guru of the Year for 2013 reported his first quarter portfolio holdings today which highlighted 19 stocks valued at over $32.3 billion. This is a notable jump up from the company’s fourth quarter stocks which were valued at $30.4 billion. Over the past quarter the guru bought into one new company, eBay (EBAY) and only made one reduction in Netflix (NFLX). More...

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Renaissance Technologies' Long-Term Pick
Recent news concerning Keystone XL and the White House decision to postpone approval, offer strong prospects for other industry competitors. Since the decision is not expected to occur any time before November 2015, and construction may take anywhere up to two years, TransCanada (TRP) is giving some unwanted profitable opportunities to peers. Canadian and American crude oil and natural gas liquids transporters can find themselves in a positive market condition, where a recovering economy places pressure upon energy deliveries. Hence, current assets for the transport of energy continue to experience a higher demand for the services offered. In that context, Pembina Pipeline (PBA) looks to sustain the growth trend started early on 2010, when the company entered the stock market.Performance Matches ExpectationsPembina Pipeline has clearly stated its business strategy: provide highly competitive and reliable returns to investors through monthly dividends on our common shares while also enhancing the long-term value of our securities. The way to go about doing just that is with cost-effective and reliable services, supported by a safe and environmentally responsible diverse asset portfolio, guided by a prudent financial management of all business decisions. So far, the strategy has been applied successfully as displayed by the performance displayed in the stock market.The good momentum enjoyed by Pembina Pipeline is reflected on the reports issued by financial institutions. Throughout 2013 positive reviews abounded, especially during the second half of the year. Four institutions issued ratings on the stock during 2014, with only Canaccord Genuity downgrading the stock to “Hold.” All other three, including Zacks, have given the stock an “Outperform” rating. Most important, face value has reached the price target forwarded by the institutions.Such performance is backed by the results reported for 2013. Operating margins totaled $949 million compared to $676 million during the prior year, representing an increase of approximately 40 percent. Part of the impact relates to important improvements in the midstream and gas services segments, compounded by the acquisition of Provident Energy. Growth has reflected upon earnings which increased to $351 million, or $1.12 per common share for the full-year of 2013 compared to $225 million, or $0.87 per common share. Last, management announced the construction of a new 45,000 square foot office in Sherwood Park, Alberta, to facilitate the company's continued growth plans.Expansion-Based GrowthGrowth for Pembina Pipeline in the future is tied to several undergoing projects. First, the company announced the long-term agreements with 30 customers to proceed with a $2 billion investment to begin the Phase III Expansion. Second, it plans to construct, own and operate a new shallow cut gas plant, Musreau II, at an approximate cost of $110 million. Third, an Engineering Support Agreement for diluent and blended bitumen transportation services has been reached with KKD Oil Sands Partnership. Fourth, the Resthaven Facility is expected to be in-service in the third quarter of 2014.An important competitive advantage held by Pembina Pipeline is the integrated approach to assets. The strategy should help it win additional transportation business to support the terminal side of the business. Hence, the projects mentioned above are of key importance. For that reason, the production of heavy oil and oil sands assets resulting in steady cash flows with little sensitivity to volumes or commodity prices is all the more relevant for the model. Such business structure has resulted in a narrow economic moat mostly supported on the gas services segment.Currently trading at 37.7 times its trailing earnings, Pembina Pipeline carries an 8% discount to the industry average. At the same time, the stock pays $0.14 in quarterly dividends, for a total annual yield of 4%. The important growth prospects and discount have attracted the attention of Renaissance Technologies, pushing the fund to acquire stock throughout 2013 and turning into the largest shareholder. And against Peter Lynch’s advice, from here it is recommended to acquire the stock for a long-term investment.Disclosure: Vanina Egea holds no position in any of the mentioned stocks. More...

ENERGY, GAS, OIL, CANADA, MUSREAU


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Is Renaissance Technologies Going for the Long Haul?
One mode of transport making a strong come back is the train. Rising gasoline prices have ignited a move away from freight trucking, especially visible in North America, where railroad operators continue to see cart demand increases. Most important for North America, a record wheat harvest has added an additional stress to the service. Such is the pressure placed upon railroad and terminal operators that new legislation had to be sanctioned, in order to organize train freights for the next couple of years. Also, recovering industrial activity means the recovery of coal and coke. More...

RAILROAD, NORTH AMERICA, RAIL AMERICA, DME


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Goodyear Tire & Rubber Is Still the Top U.S. Tire Maker David Dreman,Jim Simons - Goodyear Tire & Rubber Is Still The Top U.S. Tire Maker
The Goodyear Tire & Rubber Company (GT) develops, manufactures, distributes and sells tires and related products and services for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and other applications. More...

LONG, TIRES, AUTOMOBILES, TRUCKS


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Why Are Insiders and Gurus Betting On Huntington Bancshares
Last Thursday, April 24th, a Board Director at Huntington Bancshares Incorporated (HBAN), David Porteous, acquired 2,760 shares of Common Stock for $9.395 per share. The insider now owns more than 700,000 shares of the company, valued more than $6.5 million. In addition to Mr. Porteous, several investment gurus and insiders hold and have been increasing their long positions in the stock. Amongst them we can count Jim Simons (Trades, Portfolio), Israel Englander, Paul Tudor Jones (Trades, Portfolio) and Ray Dalio (Trades, More...

LONG, BANKS, FINANCE


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Will 2014 Be DreamWorks’ Glory Year?
DreamWorks Animation SKG Inc. (DWA)’s fourth quarter results came in somewhat short compared to management’s estimates, with quarterly revenue amounting to $204 million, 62% ($127.9 million) of which was accountable to the company’s film segment. While “Madagascar 3” brought in solid box office sales, reeling in $11.4 million, “Turbo” underperformed, costing the firm $13.5 million. And now it appears the “Mr. Peabody & Sherman” franchise might take the same road, as up to last week it had only managed to gross $143 million from domestic and international box offices. However, investment gurus Paul Tudor Jones (Trades, Portfolio) and Jim Simons' (Trades, Portfolio) hedge fund have been placing their bets More...

BRENDA FREEMAN,TURNER ANIMATION,MEDIA,DIVERSIFIED MEDIA,ANIMATED FILM PRODUCTION,CLASSIC MEDIA,MERLIN ENTERTAINMENT,SHREK,THEATRICAL RELEASES


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Will News Corp Regain Its Lost Strength?
In the past couple of weeks, News Corp (NWS) has popped up in the headlines several times, and each time with a new announcement regarding strategic changes. For starters, Rupert Murdoch finally gave signs that a succession is on the move, by naming Lachlan Murdoch (formerly chairman and director of Ten Network) as the new non-executive co-chairman of the company and its adjacent Twenty-First Century Fox Inc. (FOXA). With Lachlan on the board, the company is hoping to expand its reach by investing in technology and especially focusing on the development of its non-newspaper assets. Although the spin-off of its entertainment asset 21st Century Fox undoubtedly put a strain on the firm’s results so far, many investment gurus like Richard Pzena (Trades, Portfolio) and Jim Simons' (Trades, More...

RUPERT MURDOCH,LACHLAN MURDOCH,HARPER COLLINS,REA GROUP,HANDPICKED COMPANIES LIMITED,GALAXY MEDIA AND ENTERTAINMENT,MEDIA CONGLOMERATE,BROADCASTING,NEWSPAPERS,THE TIMES,THE SUNDAYTIMES,FOX SPORTS AUST


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